Futures were lower on Thursday, pointing to a third straight day of losses for the U.S. stock market.
Futures for the Dow Jones Industrials fell 325 points, or 1.1%, to 28,083.
Futures for the S&P 500 dipped 42.5 points, or 1.2%, at 3,438.50.
Futures for the NASDAQ Composite retreated 197.5 points, or 1.7%, to 12,123.75.
Third-quarter earnings are continuing to roll out. Morgan Stanley reported third quarter profit of $1.66 per share, exceeding the $1.28 estimate of analysts.
It generated revenue of $11.7 billion on the back of strong trading, a billion dollars more than the estimate.
Walgreens also posted a better-than-expected fourth-quarter profit, helped by higher sales at U.S. pharmacies. The drugstore chain said it expects profit to grow in single digits in 2021.
Banking giants Goldman Sachs, Wells Fargo and Bank of America reported their latest quarterly results on Wednesday along with United Airlines. Goldman and Bank of America’s results topped analyst expectations. However, Wells Fargo and United fell short of estimates.
Investors are waiting for any sign a coronavirus aid deal is still possible. Treasury Secretary Steven Mnuchin said on Wednesday that reaching a coronavirus stimulus deal before the election would be difficult as Democrats and Republicans remain far apart on certain issues.
His comments came after House Speaker Nancy Pelosi said earlier this week that a recently proposed package by the administration “falls significantly short” of what is needed.
Figures from the U.S. Labor Department indicated 898,000 Americans filed this week for unemployment benefits, far higher than the 830,000 expected.
Overseas, in Japan, the Nikkei 225 faded 0.5% Thursday. In Hong Kong, the Hang Seng index stumbled 2.1%.
Oil prices lost $1.49 to $39.55 U.S. a barrel.
Gold prices dulled $9.20 to $1,898.10.